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UK Bonds Surge as BOE Says It Will Purchase Gilts, Delay Sales

Published 09/28/2022, 06:11 AM
Updated 09/28/2022, 06:18 AM
UK Bonds Surge as BOE Says It Will Purchase Gilts, Delay Sales
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GB30YT=RR
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(Bloomberg) -- UK bonds surged after the Bank of England said it would carry out temporary purchases of long-dated UK bonds on Wednesday and delay planned sales of debt. 

The yield on 30-year gilts plummeted 26 basis points to 4.72% after earlier rising as much as 15 basis points to the highest since 1998. The pound briefly spiked before falling back.

©2022 Bloomberg L.P.

 

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